TLDR
- Monad has officially launched its mainnet following years of development and testing.
- The project raised $269 million through a MON token sale with over 85,000 participants.
- The token sale was conducted using Coinbase’s new ICO platform and closed on Sunday.
- Monad has distributed 3.3 billion MON tokens through airdrops to build community involvement.
- A total of 50.6 percent of MON tokens will remain locked until gradual unlocking begins in 2026.
Monad launched its mainnet on Monday after completing a multi-year development cycle and an extensive token distribution campaign. The launch follows a successful MON token sale and community airdrop effort conducted over recent weeks. Monad aims to deliver speed, security, and usability while maintaining compatibility with Ethereum applications.
MON Token Sale Raises $269 Million
The MON token sale concluded on Sunday, attracting 85,820 participants, according to Monad’s official report. The sale raised about $269 million and was hosted through Coinbase’s newly launched ICO platform. The offering involved 7.5% of the total MON supply.
Monad allocated another 3.3% of its 100 billion token cap for airdrops to the community. The distribution aimed to expand participation and promote co-ownership in the ecosystem. The foundation handled both initiatives to align incentives before the mainnet debut.
Per the tokenomics, 50.6% of MON supply will remain locked for the initial phase. This includes tokens for the team, investors, and the Monad treasury. Token unlocks will begin in late 2026 and will gradually proceed until 2029.
Ecosystem Launches With MON Token Utility
Upon launch, Monad’s network supported major Ethereum-compatible tools and applications. These include MetaMask, Phantom, Uniswap, Curve, USDC, USDT0, and AUSD. Monad’s EVM bytecode compatibility allows seamless deployment of Ethereum-native applications.
The foundation confirmed 38.5 billion MON tokens would circulate immediately to support ecosystem development efforts. Less than 2% of this allocation is already committed to existing projects and infrastructure partners. The majority will fund long-term development post-mainnet launch.
“Developers shouldn’t have to choose between speed, security, and usability,” said co-founder Keone Hon in a statement Monday. He added that Monad aimed to empower builders without requiring new tools or languages. The mainnet enables developers to build with familiar Ethereum standards.
Monad Labs Unveils High-Speed Mainnet
Monad began development in 2022 to address blockchain scalability, decentralization, and security challenges. It uses optimistic parallel execution to improve transaction throughput while maintaining security. Its architecture also includes the custom MonadDb and RaptorCast validator protocol.
The testnet reached processing speeds above 10,000 transactions per second during stress testing. Transaction finality on Monad averages around 400 milliseconds, according to its developers. Monad made its client open-source under a GPL-3.0 license in September.
The project’s technical design focuses on delivering fast and secure execution for smart contracts. Monad aims to support high-throughput applications without compromising Ethereum compatibility. Its modular approach supports broader adoption across developer ecosystems.
Category Labs, now known as Monad Labs, developed the protocol with backing from top investors. These include Coinbase Ventures, Paradigm, Electric Capital, Dragonfly Capital, and Greenoaks. To date, Monad Labs has secured $225 million in venture capital funding.
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